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MXC Mexco Energy

Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm focuses on the Midland Basin located in Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties; and Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico, and Loving County. The company was founded in April 1972 and is headquartered in Midland, TX.

Company profile

Ticker
MXC
Exchange
CEO
Nicholas C. Taylor
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
840627918

MXC stock data

(
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Calendar

25 Jun 21
30 Jul 21
31 Mar 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jul 21 Tammy Mccomic STOCK OPTIONS COMMON STOCK Grant Aquire A No No 8.51 25,000 212.75K 122,000
14 Jul 21 Michael J Banschbach MXC COMMON STOCK Sell Dispose S No No 11.0165 2,000 22.03K 4,000
14 Jul 21 Michael J Banschbach MXC COMMON STOCK Sell Dispose S No No 10.325 2,000 20.65K 6,000
14 Jul 21 Michael J Banschbach MXC COMMON STOCK Option exercise Aquire M No No 7 4,000 28K 8,000
14 Jul 21 Michael J Banschbach STOCK OPTIONS COMMON STOCK Grant Aquire A No No 7 4,000 28K 4,000
9 Jul 21 Michael J Banschbach MXC COMMON STOCK Sell Dispose S No No 10 2,000 20K 8,000
9 Jul 21 Michael J Banschbach MXC COMMON STOCK Option exercise Aquire M No No 7 2,000 14K 10,000
9 Jul 21 Michael J Banschbach STOCK OPTIONS COMMON STOCK Grant Aquire A No No 7 2,000 14K 8,000
6 Jul 21 Tammy Mccomic MXC COMMON STOCK Sell Dispose S No No 10.5 3,000 31.5K 66,965
6 Jul 21 Tammy Mccomic MXC COMMON STOCK Option exercise Aquire M No No 7 3,000 21K 69,965

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 5 5
Opened positions 1 1
Closed positions 1 2 -50.0%
Increased positions 1 2 -50.0%
Reduced positions 2 0 NEW
13F shares
Current Prev Q Change
Total value 84K 67K +25.4%
Total shares 14K 13.91K +0.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 11K $66K +5.8%
MS Morgan Stanley 2.5K $15K 0.0%
UBS UBS Group AG - Registered Shares 455 $3K -54.1%
Inspire Advisors 44 $0 NEW
WFC Wells Fargo & Co. 5 $0 -16.7%
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
Renaissance Technologies 11K +600 +5.8%
UBS UBS Group AG - Registered Shares 455 -536 -54.1%
Inspire Advisors 44 +44 NEW
BAC Bank Of America 0 -10 EXIT
WFC Wells Fargo & Co. 5 -1 -16.7%
Proequities 0 0
MS Morgan Stanley 2.5K 0 0.0%

Financial report summary

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Management Discussion
  • We had net income of $155,932 for the year ended March 31, 2021 compared to a net loss of $99,478 for the year ended March 31, 2020. This is primarily the result of an increase in natural gas sales and a decrease in operating expenses partially offset by a decrease in oil sales as further explained below.
  • Production and exploration. Production costs were $871,963 in fiscal 2021, a 5% decrease from $914,649 in fiscal 2020. This was primarily the result of a decrease in lease operating expenses due to numerous wells being shut-in during the month of May 2020 as well as cost cutting measures being implemented by the operators because of the depressed oil prices.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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